Closing & Transactions Escrow A neutral third party that holds funds and documents until contract conditions are met.
Closing & Transactions Escrow Account A separate account a lender uses to collect and disburse taxes and insurance.
Closing & Transactions Escrow Holdback Funds withheld at closing to cover anticipated repairs or contingencies.
Closing & Transactions Escrow Officer The neutral professional managing escrow for a real estate closing.
Closing & Transactions Final Walkthrough Last buyer inspection of the property before closing to confirm condition.
Closing & Transactions Grant Deed A deed conveying ownership with a limited warranty against prior conveyances and undisclosed encumbrances.
Closing & Transactions Loan Estimate (LE) A standardized 3-page form from a lender estimating loan terms and closing costs.
Capital Structure & Equity TVPI Total Value to Paid-In capital — distributions plus residual value divided by invested capital.
Capital Structure & Equity Vintage Year The year a private fund first deployed capital — used to benchmark performance.
Capital Structure & Equity Waterfall The order in which distributions flow to debt, preferred equity, common equity, and the sponsor.
Closing & Transactions Addendum An add-on document modifying or supplementing a real estate contract.
Closing & Transactions Affidavit A sworn written statement, often used to confirm title matters at closing.
